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Fees Chargeable Landlords Letting Fees – 9.6% inclusive of VAT (8.0% plus VAT). Renewals – 6% inclusive of VAT (5.0% plus VAT). Management – 6% inclusive of VAT (5.0% plus VAT). Project Management - 12% inclusive of VAT (10.0% plus VAT). Example
If a property was rented out at £1000.00 per calendar month the fees would be:- Letting Fee - £1152.00 including VAT. Renewal Fee - £720.00 including VAT. Management Fee - £720.00 including VAT. If a project was undertaken (new kitchen, new bathroom etc) with us managing the project and the total cost of the works came to £10,000.00, our fees would be :- Project Management - £1200.00 including VAT. Vendors Sales Fees – 0.9% Inclusive of VAT (0.75% plus VAT) – Sole Agency Only. Example
If a property was sold for £500,000.00 the fees would be:- Sales Fee - £4500.00 including VAT Tenants Abaco Estates standard charges are:- Deposit – Equal to 5 weeks rent Referencing Fee – Zero Contract Fee – Zero Name Changes - £50.00 inclusive of VAT Loss of keys – at cost.
If a 1 bedroom flat was rented out the tenant would pay a 5 week deposit plus 1 month’s rent in advance. So if the rent was £1500.00 per calendar month the tenant would pay:- 1 Months Rent - £1500.00 5 Weeks Deposit - £ 1730.00 Total - £3230.00 Abaco Estates do not take holding deposits, we do require seeing the last 4 months of bank statements prior to offers being put forward to Landlords. Redress Scheme The Property Ombudsman Milford House, 43-55 Milford Street, Salisbury, Wiltshire, SP1 2B 01722
333306
Client Money Protection Client Money Protect Premiere
House, 03333219414 Membership CMP003032
Information Commissioners Office Wycliffe
House 0303 123 1113 (local rate – calls to this number cost the same as calls to 01 or 02 numbers). Normal opening hours are Monday to Friday between 9am and 5pm (excluding bank holidays). Registration Number Z1138364
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